Latest FUJIFILM Earnings Report Says X-series, Lenses and Fujifilm GFX 50s Sell Strong. Imaging Solution “Substantial Increase in Income”

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The full Fujifilm earnings report is finally out. And there are good news for X-series as well as GFX lovers. Here some excerpts.

“The business of electronic imaging achieved a sales growth due to positive sales of the X Series of mirrorless digital cameras such as FUJIFILM X-T2 and FUJIFILM X-T20 as well as their interchangeable lenses, and strong sales of the FUJIFILM GFX 50S, a medium-format mirrorless digital camera equipped with a large sized sensor, released in February.”

The sales of the Imaging Solutions segment decreased, due to the negative effect of the appreciation of the Japanese yen in the foreign exchange market However its income grew thanks to the sales expansion of instant photo systems and digital cameras which are high-end models as well as improved profitability in various business categories. On the operation base, the segment enjoyed increased sales and substantial increase in income.”

In another report, they also mention the Fujifilm X100F and X-A3, as well as the MK Cine lenses

“In the electronic imaging field of the optical device and electronic imaging business, overall sales increased due to strong sales in FUJIFILM X-T2 launched in September 2016, FUJIFILM X-A3 and interchangeable lenses.

In addition, FUJIFILM GFX 50S, a medium format mirrorless digital camera, adopting a big sensor (43.8mm by 32.9mm) which was released in February 2017, together with FUJIFILM X100F and FUJIFILM X-T20 as the latest models of X Series which enables the prominent photograph image quality through its unique technology in re-generating original colors, led the sales increase.

In the optical device field, though the sales of camera modules for use in smartphones decreased, the Group is seeking to expand global market share of the cinema lenses with FUJINON MK18-55mm T2.9 , relesased in Februaly 2017, which has gained high reputation from the market for its advanced optical performance, ultra-compact and lightweight design, and excellent cost performance.”

The latest accounting errors do not seem to have a particulary huge negative impact, as we already reported earlier today here.

  • Outline of the Report by the Independent Committee and Future Measures – PDF here
  • FY ended March 31, 2017 Earnings Presentation – PDF here
  • Earnings Presentation – PDF here
  • FY ended March 31, 2017 Earnings Release – PDF here

Fujifilm GFX 50s: USA BHphoto, Adorama, AmazonUS EU: CalumetDE, WexUK, ParkCamerasUK, PCHstore AUS: CameraPro

Join the 13,000+ strong GFX facebook group, and incredibely helpful community creating infinite GFX content. For fast, reliable, and 100% GFX news and rumors follow the Fujifilm GFX facebook page.

Fujifilm X-T20: USA: BHphoto, Adorama, AmazonUS EU: AmazonDE, AmazonUK, WexUK, PCH AUS: CameraPro

Fujifilm X-T2: USA: BHphoto, AmazonUS, Adorama, Focuscamera, BestBuy CANADA: AmazonCA EUROPE: AmazonDE, Calumentphoto DE, AmazonUK, AmazonITA, AmazonFR, AmazonESP, PCHstore, WexUK AUSTRALIA: CameraPro

Fujifilm X100F: USA: BHphoto, Adorama, AmazonUS EU: AmazonDE, AmazonUK, WexUK, PCH AUS: CameraPro

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Don’t Worry, Fujinon XF 18mmF2 MK II Will Come… and it’s Not Just a New Product Number, but a REAL New Version!

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A few months ago, I told you that Fujifilm is working on a new XF 18mm F2 MK II lens.

Some FR-readers were worried, that the 18 MK II could be just a “new version” like the XF18-135 and XF27, which are now moving to the Philippines and hence got a new product number (this is why stores mark them as new version).

But I want to assure you, that the XF 18mm F2 MK II will be a REAL second version of the original XF 18mm F2, and not just get a new product number.

In our ultimate X-mount lens poll, the XF 18mm MK II was very high on your wish list, ranking at the overall 5th position out of 30 lenses.

So Fuji, please, this lens can’t come soon enough :).

Oh… and since we are talking of our wishes… the mosted wanted prime lens is the XF 33/1… just saying, Fujifilm :)

XF 18mm F2 MK I: USA: AmazonUS, BHphoto, FocusCamera, Adorama – EUROPE: AmazonDE

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Notice of Impact of Inappropriate Accounting & Notice of Revised Consolidated Earnings Forecast for the FY Ended March 2017

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Fujifilm disclosed a summary of the results of their investigations regarding the accounting irregolarities.

“[…] in addition to Fuji Xerox New Zealand Limited (“FXNZ”), an overseas sales subsidiary of Fuji Xerox Co., Ltd. which is a consolidated subsidiary of FUJIFILM Holdings , Fuji Xerox Australia Pty. Limited, an Australian sales subsidiary of Fuji Xerox, also conducted inappropriate accounting similar to that conducted by FXNZ. As a result, the accumulated impact of the inappropriat e accounting regarding our consolidated subsidiaries on the “net income” on a consolidated basis of the Comp any for the past few years has become a loss of 37.5 billion yen from a loss of approximately 22 billion yen […]. Further, the accumulated impact on the “net income attributable to FUJIFILM Holdings” is a loss of 28.1 billion yen“

Read the full “Notice of Impact of Inappropriate Accounting regarding our Consolidated Subsidiaries” PDF here

They also published the “Notice of Revised Consolidated Earnings Forecast for the Fiscal Year Ended March 2017” – PDF here

“Although sales in areas such as electronic imaging field of the optical device and electronic imaging business have increased, our sales and operating income has decreased due to a decrease in sales in the healthcare business and the document business.

At the same time, as a result of the review of the cross-shareholding, a gain on sales of investment securities has been recorded in non-operating income and expenses so there have been increases in income before income taxes, net income attributable to FUJIFILM Holdings, and net income attributable to FUJIFILM Holdings per share, which has resulted in a record high in the net income attributable to FUJIFILM Holdings.

Further, the impact on the amount in the consolidated earnings for the fiscal year ended March 2017 relating to the accounting problem at overseas sales subsidiaries of Fuji Xerox Co., Ltd. […] is minor.”

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My Journey from FF Canon, to Fujifilm, to FF Sony and back to Fuji :: How I Made A Cheap Macro Lens for my Fuji :: Fujifilm Love/Hate (miXed zone)

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Rico’s Workshops

  • Rico’s Ultimate (English) Fujifilm Workshop in New Zealand. Check it out here
  • GERMAN Fuji WORKSHOP: Fuji X Secrets Camera in Heidelberg – die X-Pro2, X-T2, X-T20, X100F & GFX 50S beherrschen at fuji-x-secrets
  • GERMAN Fuji WORKSHOP: Fuji X Secrets Compact in Forchheim – Inside X-Pro2, X-T2, X-T20 & X100F at fuji-x-secrets

Cover Stories

  • My journey from full frame Canon, to Fuji, to full frame Sony and back to Fuji again at everydaygetaway
  • How I Accidentally Made Cheap Macro Lenses For My Fujifilm X Camera [Jupiter 8M, Jupiter 12, Helios-103] at roeschphotography
  • Fujifilm Love Hate ! at matthewhartphotography

Fujifilm X-T2 & More
USA: BHphoto / AmazonUS / Adorama

Fujinon Lenses (and third party / adapted)

A Bit of Everything

 

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Clarification + Update Regarding the XF Lens Production Moving from Japan and China to Philippines

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XF18-55 made in Japan (old) and made in Philippines (new)
XF18-55 made in Japan (old) and made in Philippines (new)

Lens Production Moving to Philippines

Ok guys, I went through your comments regarding the “XF lenses made in Philippines” article yesterday here, and I perceived some confusion. So I thought I take my time to clarify a few things:

  • ↓ A source told me that Fujifilm is moving the production of SOME lenses to Philippines. The same source also said that, in the long-term, MAYBE it could be even ALL X-mount lenses, but it was not sure about this. This is why yesterday I wrote: “A kind source (thanks) informed me that Fujifilm is moving the production of some X-mount lenses (maybe even ALL X-mount lenses), to the Philippines.” ↓

So the sure thing is, that the production of some lenses is moving from other countries to Philippines. As we could see in the last few days here on FR, this is happening now with the XF18-135 and XF27mm (which are made in China).

But also XF lenses made originally in Japan, are now moving (or already moved) to the Philippines. For example, take a look at the image above. You can see how my personal XF 18-55 is made in Japan, whereas the XF 18-55 a FR-reader purchased recently in Austria is made in the Philippines. The reader told me that her 18-55 is of impeccable quality, as well as her X-T20, which is made in China.

So the source is right: Fujifilm is moving the production of some lenses (made in China or Japan) to Philippines.

The part my source could not tell me for sure, was, if it will affect all XF lenses in future. It’s a possibility, but it’s not sure yet. I will write an update as soon as I can.

  • ↓ Made in Philippines is not bad at all ↓

Some people perceived my blog post yesterday, as if I would be worried, that quality will suffer if lenses are made in Philippines. But I am not worried at all. As long as Fujifilm keeps the same quality standards as in their Japanese factories, to me, that’s not a problem. And let me add, also as long as Fujifilm treats workers well.

I mean, many of you will probably read this article on a Macbook, iPad or iPhone… which are all made in China. Do you perceive them as badly assembled?

So “made in Philippines” does not mean we lose any quality. Fujifilm sets the quality standard in their factories, and I am sure, wherever they make their lenses, they will be high quality.

  • the XF 18-135 and XF 27mm MK II that popped up on several stores is only because of product number change

My post yesterday was also mainly a response to all the MK II versions we saw popping up on stores worldwide. I wanted to inform you that you should NOT expect any new lens, but that only the product number changed.

Ok… these were the two main clarifications I thought I needed to make.

take care, and enjoy your weekend :)
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